Korea


First hearing opens over Lone Star asset sell-offs in Korea
An international tribunal began hearing a multi-billion dollar case Friday that the US private equity firm Lone Star filed against South Korea's government over tax and other disputes surrounding its asset sell-offs in Korea.
Hearing to begin this week in multi-billion-dollar battle between S. Korea, Lone Star
An international tribunal will begin hearing a multi-billion dollar case this week that the US private equity firm Lone Star filed against South Korea's government over tax and other disputes surrounding its asset sell-offs in Korea.
Seoul, Beijing, Tokyo to hold new round of trilateral FTA talks
South Korea, China and Japan are set to resume a new round of negotiations this week aimed at forging a trilateral free-trade agreement.
South Korea and Vietnam sign free trade agreement
The FTA with Vietnam is South Korea’s 15th to date, with greater levels of product liberalization than the previous FTA with the ASEAN countries (including Vietnam) that went into effect in June 2007.
$4.7 bln Lone Star case will begin next week
V.V. Veeder, a British national, has been appointed as the presiding arbitrator for a $4.7 billion international litigation between the Korean government and Dallas-based Lone Star Funds, sources said Tuesday.
Controversy flares over ex-KEB chief’s new role with Lone Star’s law firm
A former top financial official who advocated for Korea Exchange Bank’s breakaway from Lone Star has taken up a position in a law firm that represents the US buyout firm at a time when the firm is suing the Korean government for $4.6 billion in an investor-state dispute.
‘Hanocal may sue Korean government over sale of Hyundai Oilbank’
The Dutch company will file an ISDS application against the Korean government, should the authorities refuse to pay 183.5 billion won ($169.9 million) in tax refund.
S. Korea to announce start of FTA talks with Ecuador, Central America
South Korea will soon announce the start of negotiations for free trade agreements with Ecuador and six Central American countries as part of a plan to expand its presence in the region, the government said Wednesday.
[Herald Interview] Korea to defend rice market in TPP talks
Korea’s top agriculture policymaker has emphasized that the government will not further open the country's rice market if and when it joins the US-led Trans-Pacific Partnership
Indonesia to push for free trade pacts with South Korea, EEA
Indonesia will aggressively pursue talks on free trade agreements with countries such as South Korea and the three European Economic Area (EEA) nations, in its latest move to boost exports, a government official said on Monday.